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HONG KONG, China (AFP) – Hong Kong stocks soared more than five percent at the open of trade Wednesday as investors returned from a public holiday to play catch-up, with a global rally fuelled by easing concerns about central bank interest rate hikes. The Hang Seng Index climbed 5.16 percent, or 880.59 points, to 17,960.10. Mainland Chinese markets are closed all week for a national holiday. The surge came in line with an advance across […]
HONG KONG, China (AFP) – Stock markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve’s determination to beat inflation with higher interest rates will tip the world’s top economy into recession. After bouncing from their June lows, global equities are once again taking a hiding from worried investors after Fed chief Jerome Powell warned last week the bank would need to tighten policy much more to succeed in its battle against prices. […]
LONDON, United Kingdom (AFP) — Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect of recession in the United States and elsewhere and central banks seek to tame soaring inflation with aggressive interest rate hikes. The dollar, which had surged on Friday on the prospect of further large increases in US borrowing costs, fell back on profit-taking at the start of the new week. Speculation is growing that the […]
HONG KONG, China (AFP) — Asian markets were mixed Thursday as another forecast-busting US inflation print ramped up bets on a series of sharp interest rate hikes by the Federal Reserve, and other central banks race to tighten monetary policy. The keenly awaited consumer price index came in at a blistering 9.1 percent in June, the highest since November 1981, as energy costs continued to rocket on the back of rising demand and weak […]
HONG KONG, China (AFP) — Most Asian markets reversed early losses Tuesday and oil continued its recent rally after China slashed the quarantine time for visitors, fuelling hope for a boost to the embattled economy. The news came as Beijing and Shanghai appeared to have contained a Covid outbreak that had forced officials to impose lockdowns that had compounded global supply chain snarls. Authorities said inbound travellers would now only have to quarantine for […]
HONG KONG, China (AFP) — Asian markets fell again Monday and oil prices extended losses on growing fears that central bank moves to rein in soaring inflation will induce a recession. The losses come after a sell-off last week fuelled by the Federal Reserve’s sharp interest rate hike last week — the biggest in nearly 30 years — and a warning of more to come, while increases in Britain and Switzerland added to the gloom. […]
by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses and on the eve of a key output meeting of OPEC and its allies. European equities advanced, mirroring most rebounding Asian bourses, as dealers temporarily set aside news of record-high eurozone inflation. Oil surged about five percent, while the dollar extended gains against major rivals as the Federal Reserve is seen […]
HONG KONG, China (AFP) — Asian markets saw Joe Biden’s first day as US president with broad gains Thursday as investors look forward with optimism about his economic and Covid-19 recovery plans. Soon after being sworn in, Biden signed more than a dozen executive orders unwinding some of his predecessor’s policies, including rejoining the World Health Organization that observers say will help in the fight against the devastating disease. He also signed back up […]
Asian equity markets mostly fell on Thursday, April 11, with few catalysts to drive buying and investors still on edge over a brewing trade battle between the United States and Europe. White House threats this week to hammer $11 billion worth of EU goods with tariffs jolted markets, which have been rallying this year on optimism that China and the US were close to ending their own battle. The warning revived concerns about US President […]
HONG KONG, China (AFP) — Hong Kong stocks fell in the first few minutes of trade Monday after China called off planned trade talks with the United States, fuelling fears of an escalation of their long-running tariff standoff. The Hang Seng Index slipped 0.72 percent, or 200.87 points, to 27,752.71 in early trade. Mainland Chinese markets are closed for a public holiday. © Agence France-Presse
HONG KONG, China (AFP) — Asian markets continued a global sell-off Thursday and the dollar weakened as trade war fears return to the fore, with worries Donald Trump will go full-steam ahead with his “America First” protectionist agenda. Investors are back on the ropes after the US said Wednesday it would take action at the World Trade Organization against Indian export subsidies. That came soon after it emerged Trump is considering tariffs on billions of […]
HONG KONG, China (AFP) — A softer tone on threatened tariffs from the White House helped Asian markets rise on Thursday, continuing a week of volatility sparked by fears of a global trade war. Equities have swooned since Donald Trump last week unveiled the levies as part of his “America First” agenda, which were met with anger across the world and from leaders in his own Republican Party. European Union officials outlined planned retaliatory measures […]
